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Tuesday, October 15, 2024

International

Unilever exits Russia, sells operations and factories for unrevealed Sum

International
UK consumer goods giant Unilever announced on Thursday, October 16 that it sold its Russian business to Arnest Group, a local producer of perfume, cosmetics, and household products, for a confidential sum. Unilever to Cut 7,500 Jobs,...

UN food price index soars to 18-month high in September, driven by rising sugar prices

International
The United Nations' world food price index surged in September, according to data released on Friday, recording its largest increase in 18 months due to rising sugar prices. The͏͏ price͏͏ index,͏͏ created͏͏ by͏͏ the͏͏ U.N.͏͏ Food͏͏ and͏͏...

Subway to add 10,000 restaurants globally through new franchise deals

International
Restaurant brand Subway has signed master franchise agreements to expand its global presence, planning to establish over 10,000 new restaurants. Master͏͏ Franchise Agreements͏͏ Fueling͏͏ Growth: This͏͏...

Mondelez’s SnackFutures Ventures invests in UK doughnut startup Urban Legend to cater to health-conscious consumers

International
SnackFutures Ventures, Mondelez's corporate venture capital arm, has invested in Urban Legend, a UK-based start-up specialising in healthier doughnuts and pastries. Expanding͏͏ into͏͏ the͏͏ Better-for-You͏͏...

Bio&Me launches new ‘Good for Your Gut’ kefir drinks with 18 culture strains

International
Bio&Me͏͏ has͏͏ enhanced͏͏ its͏͏ kefir͏͏ range͏͏ by͏͏ launching͏͏ new͏͏ 'Good͏͏ for͏͏ Your͏͏ Gut'͏͏ Kefir͏͏ Drinks. The͏͏ drinks͏͏ come͏͏ in͏͏ two͏͏ variants:͏͏ natural͏͏ and͏͏ vanilla.͏͏ Each͏͏...

Lucky Energy raises $11.75 Mn in oversubscribed Series A funding round

International
US energy drink company Lucky Energy has successfully concluded an oversubscribed Series A funding round, raising $11.75 million, with Brand Foundry Ventures leading the...

PepsiCo to acquire Siete Foods for $1.2 Bn, strengthening better-for-you portfolio

International
PepsiCo plans to acquire Siete Foods, a Texas-based producer of Mexican-American food products, for $1.2 billion. The͏͏ acquisition͏͏ is͏͏ set͏͏ to͏͏ close͏͏ in͏͏ the͏͏ first͏͏...

Mondelez partners with Accenture and Publicis to revolutionise marketing with Generative AI

International
Mondelez International plans to collaborate with Accenture and Publicis to enhance its use of generative AI in marketing. New͏͏ Platform͏͏ for͏͏ Personalisation: The͏͏ US-based͏͏ snacks͏͏ giant͏͏...

C4 Energy parent Nutrabolt partners with Hershey to launch new product line

International
Nutrabolt, the owner of C4 Energy, has partnered with The Hershey Company to introduce a new line of products featuring beloved Hershey flavours. New͏͏ Flavours͏͏...

Maharaja Drinks launches in London, bringing authentic Indian beverages to the UK market

International
A new venture has been established in London, dedicated to offering a variety of Indian-made drinks, including wines, beers, teas, and coffees. Founded last...

Diageo North America acquires Ritual Zero Proof to strengthen non-alcoholic spirits portfolio

International
Diageo North America has acquired non-alcoholic spirits brand Ritual Zero Proof to capitalise on the growing demand for alcohol alternatives. Rapid͏͏ Growth͏͏ of͏͏ Ritual Zero...

Coca-Cola and Bacardi to launch co-branded ready-to-drink cocktail in 2025

International
Coca-Cola and Bacardi are planning to introduce a co-branded ready-to-drink cocktail next year,͏͏ building͏͏ on͏͏ Coca-Cola's͏͏ recent͏͏ collaboration͏͏ with͏͏ Brown-Forman͏͏ for͏͏ Jack͏͏ Daniel's. Market͏͏ Focus: The͏͏...

Johnnie Walker unveils world’s lightest whisky glass bottle: The Blue Label Ultra

International
Johnnie Walker, the premier Scotch whisky brand, has launched a groundbreaking limited edition offering. The Johnnie Walker Blue Label Ultra is touted as the...

Tupperware files for bankruptcy as demand for its iconic containers dwindles

International
Tupperware Brands Corp. and several of its subsidiaries sought Chapter 11 bankruptcy pro͏t͏e͏ct͏ion o͏n Tue͏sda͏y,͏ succu͏m͏bin͏g͏ ͏to ͏declin͏i͏n͏g͏ ͏d͏eman͏d͏ f͏or i͏ts͏ once-ic͏oni͏c ͏f͏oo͏d͏ stor͏ag͏e͏...
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